BRIEFS

Published: May 2, 1990

Debt

* Maryland Health and Higher Educational Facilities Authority is tentatively offering $68.6 million in tax-exempt revenue bonds for Sinai Hospital of Baltimore through Goldman, Sachs. Yields on serial bonds range from 6.10 percent in 1991 to 7.25 percent in 2002 with a maximum yield of about 7.534 percent for an issue due in 2019. All the bonds are insured by the Ambac Indemnity Corp. and rated triple-A by Moody's Investors Service and Standard & Poor's Corp.

* Heller Financial Inc., a subsidiary of Fuji Bank Ltd., is offering $50 million in 8.97 percent medium-term notes, due in 1991, at par through Goldman, Sachs. The issue is rated A-2 by Moody's and A+ by S.&P.

* Staples Inc., Newton, Mass., has filed for $50 million in convertible subordinated debentures, due in 2015, through Goldman, Sachs.

Ratings

* First Maryland Bancorp's long-term debt rating is under review with negative implications by Moody's. The Baltimore-based company is a subsidiary of Allied Irish Banks P.L.C.

* Interco Inc.'s senior note rating has been lowered to B-3 from B-2 by Moody's, which also lowered the rating on industrial development bonds, senior subordinated, senior subordinated discount, and junior subordinated pay-in-kind debentures to Caa from B-3. The company is based in St. Louis.

* Kaufman & Broad Home Corp.'s subordinated debt rating has been lowered to BB- from BB+ by S.&P. The Los Angeles-based company is engaged in on-site home building and mortgage banking.

* Tucson, Ariz.'s water system revenue bond rating has been raised to A+ from A by S.&P.